Conservatives of all stripes have been pontificating about the future of their movement and the Republican Party in the wake of last week’s election. Abe Greenwald writes for Commentary magazine’s “Contentions” blog that Democrats ought to worry just as much about their party’s future.

Barack Obama ushered in America’s first large-scale experiment in personality-cult politics. The experiment continues apace. Obama got reelected because he enjoys a degree of personal popularity disconnected from his record. No modern president has ever been returned to office with employment figures and right-track-wrong-track numbers as poor as those Obama has achieved.

Obama couldn’t run on his record, which proved to be no problem—Americans didn’t vote on his record. According to exit polls, 77 percent of voters said the economy is bad and only 25 percent said they’re better off than they were four years ago. But since six in ten voters claimed the economy as their number one issue, it’s clear this election wasn’t about issues at all.

The president’s reelection is not evidence of a new liberal America, but rather of the illogical and confused experience that is infatuation. For multiple reasons, Americans continue to have a crush on Barack Obama even after his universally panned first term. No longer quite head over heels, they’re at the “I know he’s no good for me, but I can change him” phase. Whatever this means, it surely doesn’t suggest conservatives would be wise to move closer to policies that aren’t even popular among Obama supporters.

Why isn’t soul searching underway on the left? When the personality at the center of the cult leaves the stage in four years, Democrats will own his results without the benefit of his appeal. We can’t know quite what a second Obama term will bring, but if his first term is an indication, there’s little reason to expect his party will be crowing. The fiscal cliff is here but a whole landscape of steep drops comes next: the economic cliff (over which lies a possible double-dip recession), the Obamacare cliff (over which lies an unprecedented bureaucratic behemoth), the Iran cliff (over which lies a nuclear bomb), and so on. A precipice in every direction and a president who’s given us no reason to presume he can steer clear. Have Democrats stopped to wonder what initiatives they’ll have to defend when the dust settles in 2016?